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Boston Properties Sells $1B in Notes

BOSTON-The notes, due in February 2023, will be used for general business purposes and could go toward investment opportunities, the company said in a statement.

By Robert Carr | Updated on June 01, 2012

BOSTON-Boston Properties Inc., through its Boston Properties LP, has agreed to sell $1 billion in senior unsecured notes in an underwritten public offering. The 3.85% notes are due in February 2023, and will be used for general business purposes, the company said in a statement.

The notes were underwritten through Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC, as joint book-running managers. The notes were priced at 99.779% of the principal amount to yield 3.876% to maturity.

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